Instuitional Investor - Windham Capital Management, Llc

13F Holdings

Filing Period:

No.	Security	Shares	Value	% Port
1.	Vanguard Index Fds	217,371	$51,564,861	18.98%
2.	Ishares Tr	264,841	$27,922,189	10.28%
3.	Spdr Series Trust	411,542	$12,255,709	4.51%
4.	Vanguard Tax-Managed Intl Fd	233,633	$11,191,032	4.12%
5.	Vanguard Index Fds	74,015	$11,065,302	4.07%